Ms. Wilasinee Boonmasungsong, Research Director Globlex Securities Company Limited or GBS assesses the stock market direction in Thailand this week that It tends to swing sideways in a sideway direction, driven by speculation in power plants stocks from rising FT values. and the Communications Group (ICT) from the business synergies between TRUE-DTAC to support the market.
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And the forecast of economists see that Thailand’s GDP numbers will recover to the same base before the Covid-19 outbreak in 2023 from the recovery of the domestic tourism industry. After the Ministry of Public Health has continued to manage vaccinations by organizing a week of vaccination against 100 million doses of COVID-19 continuously during 27 Nov-5 Dec 2021, the movement of the index is set at 1,620-1670 points
There are also foreign support factors that affect the movement of the Thai stock market index, such as the Prime Minister of Australia. has called on the government to ease restrictions on COVID-19 Due to the current rate of vaccination in the country has increased coverage. The Japanese prime minister is preparing to approve economic stimulus measures. This covers record fiscal spending of 55.7 trillion yen ($490 billion) in response to the protracted economic impact caused by the COVID-19 pandemic.
and most analysts predict that The People’s Bank of China (PBOC) will maintain its one-year and five-year loan interest rate (LPR) with a goal of curbing risks in the real estate sector, the China Association of Automobile Manufacturers (CAAM) said. China which is the largest car market in the world There will be more than 300 million registered cars by the end of 2022.
Factors that still need to be monitored during this period include the FPO, the Fiscal Policy Office report. regional economic conditions Index of Confidence in the Future of the Regional Economics OIE announces the Bank of Thailand’s industrial index, Thai economic report
As for foreign factors, such as the People’s Bank of China set interest rates on loans, the US LPR reported nationwide economic activity index for October from the Chicago Fed. Second-hand home sales in Oct. The EU reports the Purchasing Managers’ Index (PMI) for the November manufacturing-services sector from Markit. The United States has released its Purchasing Managers’ Index (PMI) for the month of November from the Markit.
The United States reports weekly unemployment claims. Durable goods orders for October GDP 3Q21 (2nd projection) Personal Consumption Expenditure (PCE) Price Index Oct. Weekly oil inventories from EIA and FOMC released minutes of meeting on 2-3 Nov on the morning of 25. Nov
Therefore, we recommend a strategy to invest in power plant stocks such as EA, SSP, GPSC, and BGRIM. Reason: Ft hike will support higher profit margins.
As for the investment direction in gold, Mr. Nattawut Wongyaowarak The director of research at Globlex Securities assessed the gold price trend this week that still needs to keep an eye on economic numbers such as the consumer price index (CPI), producer price index (PPI) and inflation in October. All of them are important factors as the market keeps an eye on inflation as supply shortages are a catalyst for inflation to continue rising.
Therefore, when the market received some news of the QE limit reduction, gold did not drop much. In addition, inflation tends to accelerate in the next period. Gold as a safe haven and can hedge against a weak dollar. The research department expects the gold price to move sideway up by estimating the frame this week at 1,770-1,815 $/Oz. Recommend to find a long time when the price weakens near the support.